Market Highlights, Sept 13: Sensex ends flat, Nifty near 25,350; MidCap index settles at record high

Stock Market Highlights: The NSE Nifty Midcap 100 index ended at a record high closing level of 60,034.05 on Friday

3:51 PM

Stock Market Comment: Nifty Outlook and Key levels

The index remained range-bound throughout the day. On the higher end, it faced resistance at the rising trendline on the daily chart. On the lower timeframes, the RSI has entered a bearish crossover, signaling an early indication of a potential bearish momentum reversal. In the near term, the trend may remain sideways. Support is observed at 25,150–25,200, while resistance is seen at 25,460.

Views by: Rupak De, Senior Technical Analyst at LKP Securities.

3:50 PM

Stock Market Comment: Why Sensex, Nifty closed flat today?

The market took a breather and ended on a flat note after the previous day’s sharp uptick. Despite domestic CPI inflation being within RBI's target band, the increase in food prices may influence the central bank to remain prudent on rates. Higher liquidity from FIIs to the domestic market and a slide in US 10-year yield increased the prospects of the FED rate cut, which will aid domestic sentiment.

Views by: Vinod Nair, Head of Research, Geojit Financial Services

3:48 PM

Stock Market LIVE: India VIX eases for 2nd day, slips 4.7%

>> India VIX ends at 12.55 level.
>> India VIX hit a low of 12.47 level today
>> India VIX closed over 3% lower yesterday

3:46 PM

Rupee Closing: Indian Rupee ends 8 paise stronger vs US dollar

>> Rupee ends at 83.898 per US dollar
>> Rupee ends higher after 2 straight flat closings

3:44 PM

Stock Market Closing Bell LIVE Updates: Nifty SmallCap index outshines peers

>> Nifty SmallCap index gains 0.78% today

3:41 PM

Stock Market Closing Bell LIVE Updates: Nifty MidCap ends at record closing

>> Nifty MidCap index hits record high of 60,189.35 during the day
>> Index ends 0.66% higher

3:40 PM

Stock Market Closing Bell LIVE Updates: All but Nifty FMCG end higher

>> Nifty Realty rises 1.7%, Nifty PSU Bank 1.2%, and Nifty Metal 0.8%.
>> Nifty FMCG slipped 0.7%

3:38 PM

Stock Market Closing Bell LIVE Updates: Bajaj twins end as top Sensex gainers ahead of Bajaj Housing listing

>> Only 11 stocks settled in the green today

>> Bajaj twins, IndusInd Bank, Tata Steel, Axis Bank, and Tech M were the top Sensex gainers today

>> Adani Ports, ITC, Bharti Airtel, NTPC, Maruti Suzuki, and Asian Paints were the top Sensex losers

3:35 PM

Stock Market Closing Bell LIVE Updates: Nifty ends below 25,350

>> NSE Nifty50 closed at 25,344.00, down 44.90 points or 0.18%

3:33 PM

Stock Market Closing Bell LIVE Updates: Sensex ends mildly in red

>> BSE Sensex ends listless session at 82,890.94, down 71.77 points or 0.09%

3:25 PM

Stock Market LIVE Updates: M&M Finance to enter Mortgage business

>> The Board of Director, today, approved the expansion into Mortgage business which would include providing Housing Finance, Top-up Loans, Lease Rental Discounting, Home Improvement and Home Extension Loans, Balance Transfer Loans and Construction Finance etc.

>> The Company intends to leverage its strong geographical presence in the retail lending space to exploit the mortgage lending opportunity for its existing customers as well as new customers.

3:10 PM

Stock Market LIVE Updates: Wipro, Bajaj Finance lead gains on Nifty50

Stock Market LIVE Updates: Wipro, Bajaj Finance, and Bajaj Finserv were leading the gains on the NSE Nifty50, while SBI Life Insurance Company, and Adani Ports were among the top laggards.

 

3:10 PM

Stock Market LIVE Updates: Sebi chief Madhabi Puri Buch, Husband Dhawal Buch issues fresh statement

Say:

>> Madhabi adhered to all disclosure and recusal guidelines set by the markets regulator

>> She never dealt with any file involving Agora Advisory, Agora Partners, the Mahindra Group, Pidilite, Dr Reddy’s, Alvarez and Marsal, Sembcorp, Visu Leasing or ICICI Bank at any stage after joining Sebi

>> The allegations are completely false, malicious and defamatory

>> On the allegation of rental income, the statement said "The property was leased out in the normal course. As it turned out subsequently, the lessee happened to be an associate of Wockhardt, a listed company which had come under investigation. Madhabi has not dealt with any files related to Wockhardt."

2:57 PM

Stock Market LIVE Updates: NMDC stock climbs as co targets 100 MT production capacity by 2030

Stock Market LIVE Updates: NMDC shares advanced as much as 3 per cent on Friday, September 13, to register an intraday high of Rs 221.9 per share. The counter saw buying after the company announced its plan to nearly double its production capacity to 100 million tonnes (MT) by 2030. READ MORE

 

2:55 PM

Stock Market LIVE Updates: Sundaram-Clayton up 23% in 2 days; hits new high on strong growth outlook

Stock Market LIVE Updates: Sundaram-Clayton (SCL) share price hit a new high of Rs 2,209.95 on the BSE today, rising15 per cent in Friday's intraday trade. The stock has surged 23 per cent in two days on a strong growth outlook. The company said it is well positioned to benefit from the switch to light-weighting, and has the ability to handle low volume, high variety complex parts. READ MORE

2:51 PM

Stock Market LIVE Updates: Bajaj Housing IPO among 14 listings; 5 new offers on radar next week

Stock Market LIVE Updates: The Indian IPO landscape remained vibrant this week, fueled by a series of initial public offerings (IPOs) that held investors' attention. The current week brought the opportunity to participate in as many as five mainline, and 12 SME IPOs. Meanwhile, shares of Gala Precision Engineering, and Shree Tirupati Balajee made their debut on the bourses from the mainline group. READ MORE

2:46 PM

Stock Market LIVE Updates: CESC gains 4% after arm incorporates Redgaint Renewable Power

Stock Market LIVE Updates: CESC shares rose as much as 4 per cent on the BSE and registered an intraday high of Rs 202.45 per share. The shares, however, pared gains and were up 1.82 per cent at Rs 198.35 per share on BSE around 1:41 PM. By comparison, the BSE Sensex was down 72.61 points at 82,890.10. READ MORE

 

2:41 PM

Stock Market LIVE Updates: This pharma stock has zoomed over 100% in 6 months

Stock Market LIVE Updates: Shares of Jubilant Pharmova hit a new high of Rs 1,169.55, after they surged 12 per cent on the BSE in Friday’s intra-day trade in an otherwise subdued market. In comparison, the BSE Sensex was down 0.02 per cent at 82,950 at 01:18 PM. READ MORE

2:35 PM

Stock Market LIVE Updates: NCLAT issues notice to IIHL on RCap plea seeking interest on payment

Stock Market LIVE Updates: The NCLAT on Friday issued a notice to IndusInd International Holdings Ltd (IIHL) over a plea filed by lenders of Reliance Capital seeking interest on the payment for the extended period. A three-member bench led by Chairperson Justice Ashok Bhushan directed the Hinduja Group firm, IIHL to file reply within two weeks. READ MORE

2:30 PM

Stock Market LIVE Updates: Know how to make changes in provident fund accounts & document required

Stock Market LIVE Updates: The Employees’ Provident Fund Organisation (EPFO) has set up a process to make corrections in Universal Account Number (UAN) profiles, aiming to make employee records accurate and prevent fraud. Here’s an overview of what corrections can be made and the documents required for changes. READ MORE

 

2:21 PM

Stock Market LIVE Updates: BLS International 8% off record high; to fully acquire Citizenship Invest

Stock Market LIVE Updates: BLS International Services share price declined 8 per cent from its record high level hit earlier today. The stock hit an intraday low of Rs 436.3 per share, falling sharply from the record high level of Rs 474.45 per share touched in the morning trade on Friday, September 13. READ MORE

2:15 PM

Stock Market LIVE Updates: 88% of top 25 MF schemes close higher in Aug, Axis Bluechip Fund leads

Stock Market LIVE Updates: The Indian mutual fund industry is on a roll! August 2024 was another blockbuster month, with investors pouring a whopping Rs 38,239 crore into equity-oriented funds. That's the second-highest monthly inflow ever, and it marks the 42nd consecutive month of positive inflows. READ MORE 
 

 

2:06 PM

Stock Market LIVE Updates: Crude oil prices drop by 21% since March, but fuel costs continue to sting

Stock Market LIVE Updates: Hopes for a drop in petrol and diesel prices have grown amid a steady fall in global crude oil rates. Petroleum Secretary Pankaj Jain hinted that international market trends might result in lower fuel prices, making it the government’s first statement on the matter in six months. READ MORE

 

1:52 PM

Stock Market LIVE Updates: Max Healthcare in focus

Stock Market LIVE Updates: Max Healthcare collaborates with Lakshdeep Group for turnaround and acquisition of controlling stake in Jaypee Healthcare. The acquisition is based on an enterprise value of Rs 1,660 crore.

Source: BSE

1:50 PM

Stock Market LIVE Updates: Trading strategies in stocks that turned ex-bonus, split this week

Stock Market LIVE Updates: A total of 9 stocks, out of which 5 turned ex-bonus, while the remaining turned ex-split this week. Prominent among these were Bigbloc Construction, Monarch Networth Capital and Franklin Industries, which traded ex-bonus in the ratio of 1:1 respectively. READ MORE

 

1:39 PM

Stock Market LIVE Updates: Transformers & Rectifiers India shares up over 4% on Rs 114-crore order win

Stock Market LIVE Updates: Shares of Transformers & Rectifiers India surged as much as 4.86 per cent to hit an intraday high of Rs 697 per share on Friday, September 13, 2024. The surge in the company’s share price came after the company received an order worth Rs 114 crore from RRVPNL. READ MORE

1:26 PM

Stock Market LIVE Updates: Mindteck hits 5% upper circuit as BSE, NSE approve 1:4 bonus issue

Stock Market LIVE Updates: MindTeck (India) shares were locked in the 5-per cent upper circuit band on the BSE and the National Stock Exchange (NSE) on Friday at 12:43 PM. By comparison, the benchmark indices were flat at the time of the filing of this report. READ MORE

 

1:22 PM

Stock Market LIVE Updates: Preparing to utilise Chennai manufacturing plant for exports: Ford

Stock Market LIVE Updates: American automaker Ford on Friday said it is preparing to utilise its Chennai manufacturing plant to roll out vehicles for exports and has intimated the same to the Tamil Nadu government. The company which in 2021 had said that it would stop manufacturing vehicles in India, has submitted a Letter of Intent (LOI) to the Tamil Nadu government, confirming its intention to utilise the Chennai plant for manufacturing for exports. READ MORE

1:12 PM

Stock Market LIVE Updates: Blackstone mulls selling majority stake in visa, tech firm VFS Global

Stock Market LIVE Updates: Blackstone is considering options including a sale of its majority stake in visa application outsourcing and technology services firm VFS Global after receiving interest from prospective investors, Bloomberg News reported on Thursday. READ MORE

 

12:58 PM

Stock Market LIVE Updates: Tata Power up as its arm ties up with Tata Motors for EV charging stations

Stock Market LIVE Updates: Tata Power shares soared 2.2 per cent on the BSE and touched an intraday high of Rs 449.5 per share on Thursday's trading session. Buying in the stock came after Tata Power EV Charging Solutions, a subsidiary of Tata Power Renewable Energy, inked a memorandum of understanding (MoU) with Tata Motors to set up fast charging stations in metro cities. READ MORE